Jefferies Starts Oclaro (OCLR) at Buy

October 3, 2016 6:35 AM EDT
Get Alerts OCLR Hot Sheet
Price: $8.02 -4.18%

Rating Summary:
    12 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Jefferies initiates coverage on Oclaro (NASDAQ: OCLR) with a Buy rating and a price target of $11.25.

Analyst James Kisner commented, "We believe OCLR will likely benefit from strong demand over the next couple of years driven by multiple secular drivers, including: 1) Verizon's metro 100G deployment in the US; 2) China's network buildouts; and 3) robust growth within and between data centers at Web 2.0/hyperscale companies."

For an analyst ratings summary and ratings history on Oclaro click here. For more ratings news on Oclaro click here.

Shares of Oclaro closed at $8.55 yesterday.

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